ACQNET: Re: Tax issues for selling books (1 response)

From: Thelma Diercks <thelma_at_hawaii.edu> Date: Mon, 04 Apr 2005 12:14:15 -1000 (HST) To: Acqnet <acqnet-l_at_listproc.appstate.edu>

Date: Fri, 01 Apr 2005 00:24:48 -0500
From: Harvey Brenneise (Seattle Public Library) <harveyb_at_msu.edu>
Subject: ACQNET: Re: Tax issues for selling books (1 response)

What's the issue?  I don't understand.  They've made a donation to
a non-profit organization, and why can't you use donations to your
best  advantage, including selling them and buying something you
need instead?  Isn't that what Goodwill, Salvation Army and others
do?  I suppose in some states there might be a sales tax issue, but
that's not the same issue. But, of course, a tax attorney would be
the only one able to give a legal opinion, if that's what's desired.

Harvey Brenneise
Seattle Public Library

+++++++++++++++++++++++
Original Message:

Date: Wed, 23 Mar 2005 17:01:48 -0500
From: Allison Mays (Millsaps College) <maysap_at_millsaps.edu>
Subject:  Tax issues for selling books

We're interested in selling books through Alibris or some other
Similar vendor, but our Business Office is concerned about taxes:
specifically on books donated by individuals who have already taken
a tax deduction on those same books. Has anyone run up against this?

Thanks -

Allison P. Mays
Acquisitions/Serials Librarian
Millsaps College
1701 N. State Street
Jackson, MS 39210
601-974-1083
maysap_at_millsaps.edu

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